v3.26.3
Product and Business Acquisitions
 12 Months Ended
Dec. 31, 2025
Business Combination [Abstract]  
Product and Business Acquisitions
(8) Product and Business Acquisitions
The Company did not complete any product and business acquisitions during the years ended December 31, 2025 and 2024.
On October 5, 2023, the Company completed the acquisition of all outstanding stock of Punto Verde S.A. Punversa (Punto Verde), a well-established distributor in Guayaquil, Ecuador, to strengthen its product portfolio and market access in the Latin American region. The Company paid cash consideration of $4,492, which was net of cash acquired of $233. The acquisition was accounted for as a business combination and the purchase consideration was allocated as follows:
 
     Preliminary
Allocation at
December 31, 2023		      Measurement Period
Adjustments		      Final Allocation  
Trade receivables
    $ 1,883      $ —       $ 1,883  
Inventory and other current assets
      1,330        —         1,330  
Property, plant, and equipment
      45        90        135  
Customer relationships
      —         1,300        1,300  
Product registrations and product rights
      104        396        500  
Goodwill
      2,949        (1,339 )       1,610  
Liabilities assumed
      (1,819 )       (447 )       (2,266 ) 
  
 
 
     
 
 
     
 
 
  
Total
    $ 4,492      $ —       $ 4,492  
  
 
 
     
 
 
     
 
 
  
Liabilities assumed include liabilities of $447 related to income tax matters. Goodwill is not expected to be deductible for income tax purposes. The operating results of Punto Verde have been included in the Company’s consolidated statements of operations from the date of acquisition. Pro-forma financial information is not included herein as the pro-forma impact of the acquisition is not material.